A piece of evidence in favor the Keynesian model would be that
a. investment is very sensitive to changes in tax rates.
b. changes in aggregate income cause changes in investment, but not vice versa.
c. the aggregate price level is negatively correlated with income.
d. all of the above.
B
Economics
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The Rawlsian view of equity would lead to:
A) equal allocations of goods across all persons. B) maximizing the utility of the least-well-off person. C) maximizing the total utility of all society members. D) none of the above
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Opportunity cost is the combined value of all other alternatives that go unchosen
a. True b. False Indicate whether the statement is true or false
Economics